On Tuesday 24 October, the European Commission approved the French compensation measure granted to La Banque Postale for the provision of the service of general economic interest of banking accessibility, with regard to EU rules on state aid.
This aid, for €1.83 billion, granted to the company over a period of six years, will help to compensate for the obligations upon La Banque Postale concerning the Livret A product. Since 2009, it has been required to comply with certain additional...